The Company takes 4.7% stake in GOAT
TORONTO, ONTARIO, February 2, 2022. ‐ Cypherpunk Holdings Inc. (CSE: HODL, OTC: KHRIF) (“Cypherpunk” or, the “Company“), a sector leader for blockchain, privacy and cryptography-focused investments, is pleased to announce that it has completed a strategic equity investment in Greatest of all Time (“GOAT”) alongside Animoca Brands. GOAT.io is developing a platform ‘MetaFi’ to allow users (so-called ‘metazens’) to scale their activities across decentralized metaverse economies. In its first eight weeks of operation, the company has rapidly grown its discord community to over 13,000 players
Under the terms of the transaction, Cypherpunk Holdings (CSE:HODL) has acquired 176,470 ordinary shares of GOAT representing 4.7% of the issued shares of GOAT for an aggregate price of CAD $ 251,417 (USD $200,000) as part of GOAT’s seed round of CAD 2.14 million (USD $1.7 million).
Commentating on the investment, President and CEO, Jeff Gao, said: “We are excited to be a part of GOAT’s journey in building the future of decentralized economies. GOAT’s ability to recruit and retain top players via its play-to-earn (P2E) crypto gaming platform speaks volumes about its focus on players, on GameFi analytics and on the process of empowering one to become the greatest they can be. Under the leadership of Phil George and Wayne Hughes GOAT has demonstrated a remarkable ability to scale and commercialize their bespoke P2E model. After 70 days of operation, GOAT has unlocked USD $3.5M+ in annual recurring revenue (ARR) and is on track to produce an additional USD $3M+ of ARR over the coming 30 days. Cypherpunk is delighted to be the co-lead investor and strategic partner to GOAT alongside Animoca Brands.”
Gamers of all Time (GOAT) is building platforms to empower the decentralized metaverse economy.
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About Cypherpunk Holdings Inc.
Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Animoca Brands.
Cautionary Note Regarding Forward-Looking Information
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